ABA Statement on Marvin Goodfriend’s Nomination to Serve as a Federal Reserve Governor

By Rob Nichols, ABA president and CEO

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​ “We congratulate Marvin Goodfriend on his nomination to join the Federal Reserve’s Board of Governors. His substantial background in economics and his prior experience at the Richmond Fed would serve the Board well as the Federal Reserve carries out critical decisions in both monetary and regulatory policy. We urge the Senate to consider his nomination as soon as possible so the central bank can once again benefit from a full Board of Governors.”

The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, midsize, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend more than $9 trillion in loans.